[Ted Grant Archive Update] - U.S. loan and British workers—No solution to crisis of capitalism

On the eve of 1946 post-war Britain was on
her knees. The British ruling class reached a deal with the former U.S. allies for
a huge loan, but the repayment conditions were very severe. The Labour leaders
in office were willingly carrying out the dirty job of asking British workers
to postpone any demands to improve their conditions. Ted Grant looked at the
consequences of these policies for the workers.

On the eve of 1946 post-war Britain was on
her knees. The British ruling class reached a deal with the former U.S. allies for
a huge loan, but the repayment conditions were very severe. The Labour leaders
in office were willingly carrying out the dirty job of asking British workers
to postpone any demands to improve their conditions. Ted Grant looked at the
consequences of these policies for the workers.